Hannon Armstrong Sustainable Stock Forecast
Red day on Monday for Hannon Armstrong Sustainable stock after losing 1.77%
(Updated on Apr 29, 2024)
The Hannon Armstrong Sustainable stock price fell by -1.77% on the last day (Monday, 29th Apr 2024) from $25.96 to $25.50. During the last trading day the stock fluctuated 4.14% from a day low at $25.34 to a day high of $26.39. The price has risen in 6 of the last 10 days and is up by 2.78% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -14 thousand shares and in total, 740 thousand shares were bought and sold for approximately $18.87 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 8.54% during the next 3 months and, with a 90% probability hold a price between $26.54 and $31.67 at the end of this 3-month period.
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HASI Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 5.72%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Hannon Armstrong Sustainable stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $25.54 and $26.12. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Hannon Armstrong Sustainable stock
Hannon Armstrong Sustainable finds support from accumulated volume at $25.39 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.05 between high and low, or 4.14%. For the last week, the stock has had daily average volatility of 4.05%.
Our recommended stop-loss: $24.20 (-5.10%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (HASI) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect Hannon Armstrong Sustainable Infrastructure Capital Inc to open at $25.74, and during the day (based on 14 day Average True Range), to move between $24.47 and $26.53, which gives a possible trading interval of +/-$1.03 (+/-4.03%) up or down from last closing price. If Hannon Armstrong Sustainable Infrastructure Capital Inc takes out the full calculated possible swing range there will be an estimated 8.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $25.39 (0.43%) than the resistance at $25.96 (1.80%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Hannon Armstrong Sustainable Infrastructure Capital Inc will release earnings BMO on Tuesday, May 07, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.570. We will update the financials statements for Hannon Armstrong Sustainable Infrastructure Capital Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.65% in the first trading day after earnings release.
Is Hannon Armstrong Sustainable Infrastructure Capital Inc stock A Buy?
Hannon Armstrong Sustainable holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.861 Hold/Accumulate Unchanged
Predicted Opening Price for Hannon Armstrong Sustainable Infrastructure Capital Inc of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| $25.74 ( 0.95%) | $25.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HASI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 26.79 | 5.07 % | |
| R2 | 26.39 | 3.50 % | ||
| R1 | 26.14 | 2.53 % | ||
| Current price: | 25.50 | |||
| Support | S1 | 25.34 | -0.619 % | |
| S2 | 25.09 | -1.59 % | ||
| S3 | 24.69 | -3.16 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 28.40 | 11.37 % | |
| R2 | 26.10 | 2.35 % | ||
| R1 | 25.96 | 1.80 % | ||
| Current price | 25.50 | |||
| Support | S1 | 25.39 | -0.431% | |
| S2 | 24.52 | -3.84% | ||
| S3 | 23.55 | -7.65% |
HASI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 04, 2024 | Apr 04, 2024 | Apr 19, 2024 | $0.415 | 1.66% |
| 2 | Nov 02, 2023 | Dec 28, 2023 | Jan 12, 2024 | $0.395 | 1.58% |
| 3 | Aug 03, 2023 | Oct 03, 2023 | Oct 11, 2023 | $0.395 | 2.35% |
| 4 | May 02, 2023 | Jul 03, 2023 | Jul 12, 2023 | $0.395 | 1.50% |
| 5 | Feb 16, 2023 | Mar 31, 2023 | Apr 10, 2023 | $0.395 | 1.41% |
FAQ
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